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Technology Stocks : e.Digital Corporation(EDIG) - Embedded Digital Technology
EDIG 0.00010000.0%Mar 20 5:00 PM EST

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To: Walter Morton who wrote (6347)7/6/1999 8:04:00 PM
From: Jeffrey D  Read Replies (3) of 18366
 
From my Schwab alert news. Jeff
<<
Internet Daily for Tuesday, July 06, 1999

EDITOR'S NOTE: Internet Daily, normally written by CBS
MarketWatch, will be compiled by the InfoBeat Editorial Staff
until July 19, 1999.

** Consumers slow to adopt digital music

Despite its hold on the popular media and the recording industry,
digital music distribution will not emerge as a mainstream
consumer technology until it overcomes major obstacles, according
to a new report from Jupiter Communications. The Jupiter research
showed that only three percent of online consumers will purchase
downloaded digital music by 2003. According to the Jupiter
research, MP3 will continue to dominate the digital music
landscape through 2000, even as makers of hardware and software
add support for closed technologies backed by major record labels.
"The music industry is beginning to come to terms with the MP3
phenomenon, which has been at once overhyped and
underappreciated," said Lucas Graves, an analyst in Jupiter's Web
Technology Strategies. "However, the music industry's best efforts
still fall short when it comes to preparing for the day when
digital music distribution is commonplace. Companies that focus on
strict security measures rather than maximizing the value
proposition will lose out."
>>
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